High winds and heavy rain from an incoming deep depression (next only to a cyclone in strength and intensity) could inflict damage to thatched huts, power and communication lines and standing crops along East and West Godavari district, Visakhapatnam, Vijayanagaram and Srikakulam districts of Andhra Pradesh on Tuesday.

 

The India Meteorological Department (IMD) said that Sunday’s depression had intensified into a deep depression on Monday morning and was expected to cross Andhra Pradesh coast between Narsapur and Vishakhapatnam, close to Kakinada, early Tuesday morning with wind speeds of 55-65 km/hr gusting to 75 km/hr.

Warning for fishermen

Fishermen have been advised not to venture into West-Central, North-West and South-West Bay of Bengal and along and off the Andhra Pradesh-Odisha-Tamil Nadu-Puducherry coasts till Tuesday, while similar warning is valid over Gulf of Mannar on Monday and Tuesday.

Monsoon third-best in 30 years despite a truant July, says IMD

The sea condition

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Big data means big opportunities. Take a list at the fastest-growing jobs all over the world and you’ll find something in common: most of them have to do with handling data. Whether it’s developing artificial intelligence, engineering the systems that capture and process data, or providing business-focused analysis of that information, the careers that are hiring all expect you to know how to work with big data.

Lucky for you, the Deep Learning and Data Analysis Certification Bundle is here. This collection of courses has been curated to pick the best, most relevant lessons that will help you build up your credibility and find work within these rapidly expanding fields. A career change might be just around the corner for you. It all starts with this $39.99 bundle.

Leverage data in your business

There isn’t a sector out there that couldn’t benefit from understanding how to work with big data.

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A depression has formed over West-Central Bay of Bengal that has prompted the India Meteorological Department (IMD) to simultaneously mark up the likely hazard of rainfall, wind speeds and state of the sea till the landfall of the system, now pushed further to Monday night along the North Andhra Pradesh coast.

The IMD located the depression, about 430 km South-South-East of Vishakhapatnam, 490 km South-East of Kakinada and 520 km East-South-East of Narsapur. It would intensify further into a deep depression with a system strength next only to a conventional cyclone, later into Monday night.

The likely deep depression would continue to move to West-North-West and cross the North Andhra Pradesh coast between Narsapur and Vishakhapatnam. The projected time and day of landfall too has been adjusted with change in the complexion of the storm from a depression to a deep depression.

Heavy rain, high wind alert

The IMD has

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By Lucia Mutikani

WASHINGTON (Reuters) – New orders for key U.S.-made capital goods increased more than expected in August and shipments raced to their highest level in nearly six years, suggesting a rebound in business spending on equipment was underway after a prolonged slump.

The show of confidence by businesses in the report from the Commerce Department on Friday also bolstered expectations for a sharp turnaround in economic activity in the third quarter, thanks to government money, after it was hammered by the COVID-19 pandemic in the first half of the year.

But fiscal aid is running out and new coronavirus cases are rising in the country, clouding the fourth-quarter picture.

Federal Reserve Chair Jerome Powell this week stressed the need for more fiscal stimulus, telling lawmakers on Thursday that it could make the difference between continued recovery and a much slower economic slog. Another rescue package appears unlikely before

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With a sweeping pandemic around the globe and rising protests against systematic discrimination, 2020 has brought a renewed spotlight to racial inequality in many aspects of American life. The financial industry is doing its own reckoning as well.

At last week’s digital

Morningstar

Investment Conference, Morningstar asked a few of its in-house experts in different fields for their insights on the deep racial inequities in income and wealth, investment participation, and workplace diversity, as well as efforts to address those challenges through various channels. We’ve summarized the conversations below and paraphrased the following questions.

How bad is racial inequality in the U.S. when it comes to income and wealth?

The economic racial inequality in the U.S. is longstanding and easy to spot. The median income of African-American adults is 60% of their white peers, according to Steve Wendel, Morningstar’s head of behavioral sciences. The wealth gap is even larger—the median

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Amazon continues to thrive and benefit from the COVID-19 pandemic because of the high demand for groceries and essentials. Since the coronavirus outbreak, Amazon has seen strong financial results and an overall boost in sales and advertising.

Analysts at Jefferies reiterated their Buy rating on shares of Amazon on Wednesday, with a price target of $3,800. The analysts now value Amazon’s advertising business at $350B which is up from their previous value estimate of $300B for the segment.

The analysts are expecting increased Consumer Packaged Goods (CPG) spending to be a key long-term driver for Amazon’s advertising revenues, and raised their annual sales growth estimates by 2% in 2021 and beyond. Also, the analysts estimate a combined $1T CPG advertising opportunity for AMZN, consisting of $800 billion in trade spending, and 200 billion in advertising.

“According to our survey, 40%/60% of U.S. online shoppers purchased more groceries/essentials on AMZN during

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The official view of how the economy fared during the Covid lockdown period will be revealed on Monday when the Government releases GDP data for the April-June period — the first quarter of 2020-21. Research agencies have estimated a GDP contraction ranging from 15 per cent to 26 per cent.

This will be the first official estimate of the impact on the economy in a full quarter due to Covid-19. Few doubt that Industry and Services segments will show deep contraction as April and may were a washout with the stringent nationwide lockdown. Most expect the good news to come from Agriculture, which will show a robust performance thanks to a favourable monsoons, robust rabi production, large procurement of foodgrains and good kharif sowing.

Services, Industry and Agriculture have shares of 54 per cent, 29 per cent and 17 per cent respectively in the GDP.

Notably, high frequency indicators such

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The Governor of Maharashtra and Goa, Bhagat Singh Koshyari released the ‘Corona Battle’ issue of the Annual health publication ‘Arogya Deep’ at Raj Bhavan, Mumbai on Saturday, a statement issued by the Governor office said.

The special issue contains articles written by medical experts on issues such as Management of Covid patients in ICU, Role of Imaging in Covid pandemic, Managing Pregnancy during Covid -19, Mental Health and Covid Pandemic, Impact of Covid on Diabetes and Thyroid, Covid and Homeopathy and other relevant topics.

The special issue has been conceptualized by former Minister of Public Health, Deepak Sawant. It contains articles by physicians and specialists on various aspects of management of the Corona Virus infection.

Stating that Corona has caused undue fears among the people, Koshyari urged doctors to allay the fears of patients and to give them confidence and hope to fight off the virus disease. He appealed to

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  • White House chief of staff Mark Meadows defended President Donald Trump describing the Food and Drug Administration as part of a “deep state” conspiracy that is slowing coronavirus treatment development to affect the November presidential election. 
  • Meadows said in a “Fox News Sunday” interview that Trump was “right to call” out the agency in a stroke of “unprecedented action.”
  • Trump is slated to announce a “breakthrough” coronavirus treatment Sunday evening, which Meadows said on ABC’s “This Week” would put the “heat” on the agency, where “there are a number of people that do not see the same sense of urgency as he sees.”
  • Visit Business Insider’s homepage for more stories.

White House chief of staff Mark Meadows defended President Donald Trump’s unsubstantiated accusation that the Food and Drug Administration is part of a “deep state” conspiracy to hold up the development of a treatment for the novel coronavirus.

Trump took

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